Financial powers are creating a supranational financial entities which will not have to respond of its actions to States, neither to the European Union and next to the Central Bank (ECB) which would become an auxiliary of this “super government” of unprecedented powers.
This is a “government of the creditors” against debtors States to who will impose “harsh and austere” to ensure that they continue to service the debt. A permanent dictatorship equipped with complete impunity.

The ESM is due to be launched as soon as the 17-member Eurozone have ratified the amendment of the Art. 136 of the Treaty on the Functioning of the EU (European Council decision) which institutes the stability mechanism for the eurozone.
The ESM is expected to be launched in July 2012 but they will discuss in March when they actually can already ratify it. The adhering States will have also to pay (with public money) a percentage of contributions to enter under this dictatorship.

Why does the EMS want to be declared immune from judicial inquiry at the outset? Perhaps because it plans to commit acts, which according to existing rights in Europe, are criminals? Given the extreme facility in creating conditions of “pilot” insolvency probably is thus prepared to sell off assets without auctions and contests of states and individuals with seizures and foreclosures and large privatization” to give it to his friends. Maybe it will violate property rights, or even worse…